Related News

No related news articles were found.

housing development finance (HDFC) Related Businessweek News

No Related Businessweek News Found

housing development finance (HDFC) Details

Housing Development Finance Corporation Limited provides home loans and deposit products in India. The company accepts fixed deposits, such as monthly income plans, non-cumulative options, annual income plans, and cumulative options; and trust deposits. Its loan portfolio includes loans for the purchase or construction of houses; home improvement loans; home extension loans; short term bridging loans; plot loans; loans to professionals for non residential premises; loans against property; home loans for non-resident Indians; top up loans against the mortgage of the existing property; educational loans; and home loans in rural areas, as well as loans for agriculturists, dairy farmers, planters, and horticulturalists. In addition, the company offers property search services through operating a property portal, hdfcred.com; personalized services to individuals and corporates for buying, selling, or leasing residential/commercial properties; and advisory and consultancy services for fare market assessment of land, factory premises, warehouse, and residential flats. Further, it provides banking and asset management services; venture capital services; individual and group life insurance products; and general insurance products. Housing Development Finance Corporation Limited was founded in 1977 and is based in Mumbai, India.

housing development finance (HDFC) Key Developments

HDFC Standard Life To Reportedly Sell 10% Via IPO

Mar 28 15

HDFC Standard Life Insurance Co., Ltd. is planning to raise INR 2.4 billion via sale of 10% stake to the public, said two people with direct knowledge of the development. The stake will be sold to the public by parent Housing Development Finance Corporation Limited (BSE:500010). Bank of America Merrill Lynch, JPMorgan, Morgan Stanley, Credit Suisse and JM Financial will manage the initial public offer, which is expected to take place in the July-September quarter.

Housing Development Finance Corporation Limited Approves Interim Dividend for the Financial Year 2014-15

Mar 19 15

Housing Development Finance Corporation Limited announced that the board of directors of the corporation, at its meeting held March 19, 2015, approved the payment of an interim dividend of INR 2 per equity share of face value of INR 2 each of the corporation, for the financial year 2014-15.

Housing Development Finance Corporation Limited announced that the board of directors at its meeting held on March 19, 2015 also appointed Mr. Ajay Agarwal as the company secretary of the corporation with effect from March 20,2015 in place of Mr. Girish V. Koliyote who has resigned as the company secretary of the corporation, with effect from the close of business hours on March 19, 2015. Mr. Ajay Agarwal has also been appointed as the compliance officer of the corporation with effect from March 20, 2015.

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.